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Ricoh to cut 4,000 jobs in Japan and Europe

Ricoh has responded to articles from the Nikkei Newspaper with the following statement that can be seen here.

The following appears on asia.nikkei.com

TOKYO — Japan’s Ricoh plans to trim about 4,000 workers from its payrolls as soon as the coming fiscal year, streamlining and selling assets in its ailing core business of office equipment with an eye toward investing in future growth.

The company’s plans involve shedding slightly over 3,000 employees in Japan by March 2019, including by selling off a domestic logistics unit, and shrinking management ranks in Europe. The cuts amount to 4% of the group’s global workforce.